Nexans to build high voltage energy cable connecting Greece, Cyprus, and Israel

Nexans, a leading provider of cable systems and services, has secured a historic €1.43 billion contract to undertake the construction of the Greece-Cyprus section of the EuroAsia Interconnector. This groundbreaking project will create a vital link between the power grids of Greece, Israel, and Cyprus, spanning an unprecedented 2×900 kilometers. The 525kV high voltage direct current (HVDC) cable will traverse the depths of the Mediterranean Sea, reaching more than 3,000 meters below the surface. Anticipated to be finalized by 2029, this interconnector will have a substantial capacity of up to 2,000 MW, meeting the energy needs of approximately 3 million households, while also ending Cyprus’ energy isolation and contributing to a more sustainable energy landscape.

Designated as a Project of Common Interest by the European Union, the EuroAsia Interconnector enjoys several benefits, including expedited planning and permitting processes, reduced administrative costs, and increased public participation. This ambitious venture aligns closely with the EU’s energy and climate objectives, as it will facilitate the transmission of a considerable portion of electricity from renewable and decarbonized sources. Nexans’ dedication to electrification strategies and extensive experience in connecting regions with abundant renewable energy to areas with high electricity demand have positioned the company as a leading force in advancing a greener and more interconnected world. Through its comprehensive solutions that cover the entire electrification value chain, Nexans aims to ensure secure, reliable, and efficient electricity delivery worldwide.

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